Last Updated on December 28, 2023 by BFSLTeam BFSLTeam
Yatra Online Limited is a well-known and trusted online travel service provider in India. It offers holiday packages and seeks to become a ‘one-stop shop’ for its target customers. The online platform was created with security, scalability, dependency, integration and innovation in mind.
The company aims to use the net proceeds from its IPO for strategic investments, inorganic growth and acquisitions. It also aims to invest in customer acquisition and retention, organic growth initiatives and technology.
In this blog, we have covered some of the important details you need to know before investing in this IPO.
Also Read: How does an IPO work?
Table of Content
IPO Details
Yatra Online IPO will open on September 15, 2023 and close on September 20, 2023. The price of IPO is Rs. 135 to Rs. 142 per share. Let’s look at the key details of Yatra Online IPO:
| IPO Open Date | September 15, 2023 |
| IPO Close Date | September 20, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 per share |
| Price Band | Rs. 135 to Rs. 142 per share |
| Minimum Lot Size | 105 Shares |
| Total Issue Size | Rs. 775 crore |
| Fresh Issue | Rs. 602 crore |
| Offer for Sale | 12,183,099 equity shares |
| Listed on | NSE, BSE |
About the Company
Yatra Online Limited is a major online travel company in India that strives to offer the ‘best in class’ experience for its customers. Business and leisure travellers can use the official website and mobile applications of Yatra Online Limited to conduct research before availing a wide range of services.
Some of the comprehensive travel-related services which Yatra Online offers include domestic and international air ticketing, homestays, hotel bookings, holiday packages, bus and rail ticketing and ancillary services. Yatra Online has agreements with nearly 1,03,000 hotels across India which makes it the largest platform for domestic hotels.
The fact that it has a strong mobile ecosystem for a wide range of travellers and suppliers is one of its major benefits. Its technology platform is quite strong and has been designed especially to support a high level of innovation and scalability. The company also boasts of an experienced management team comprising industry executives with considerable experience in the tourism industry.
People who have plans to invest in the tourism industry can consider studying the strengths and risks of Yatra Online Limited in the following sections.
Also Read: IPO investment strategy
IPO Tentative Timeline
Let’s take a look at the tentative timeline of the Yatra Online IPO:
| IPO Open Date | Friday, September 15, 2023 |
| IPO Close Date | Wednesday, September 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 p.m. on September 20, 2023 |
| Basis of Allotment | Monday, September 25, 2023 |
| Initiation of Refunds | Tuesday, September 26, 2023 |
| Credit of Shares to accounts | Wednesday, September 27, 2023 |
| Listing Date | Friday, September 29, 2023 |
IPO Lot Sizes
Here are the details of Yatra Online IPO lot sizes:
| Applications | Lots | Shares | Amount |
| Retail (min) | 1 | 105 | Rs. 14,910 |
| Retail (max) | 13 | 1,365 | Rs. 1,93,830 |
| S-HNI (min) | 14 | 1,470 | Rs. 2,08,740 |
| S-HNI (max) | 67 | 7,035 | Rs. 9,98,970 |
| B-HNI (min) | 68 | 7,140 | Rs. 10,13,880 |
Company Financials
The following table covers the important financial data of Yatra Online Ltd:
| Particulars | For the Financial Year Ending (in Rs. Million) | ||
| March 31, 2023 | March 31, 2022 | March 31, 2021 | |
| Total Assets | 6,812.50 | 5,477.81 | 5,629.08 |
| Total Liabilities | 5,117.27 | 4,468.53 | 4,394.22 |
| Total Expenses | 3,851.87 | 2,449.74 | 2,104.19 |
| Total Revenue | 3,974.65 | 2,188.10 | 1,436.16 |
| Profit/Loss After Tax | 76.32 | (307.86) | (1,188.63) |
| EBITDA | 510.88 | 41.61 | (569.82) |
Strengths of the Company
Let’s check the strengths of Yatra Online Limited. These factors provide a competitive edge to the company:
- Yatra Online is a highly trusted brand which holds a long track record of targeted marketing strategy.
- Its synergistic multi-channel platform for both business and leisure travellers is well-known among Indian users.
- The company boasts of a large and loyal customer base.
- It has a comprehensive selection of product and service offerings.
- Yatra Online Limited boasts of an integrated technology platform.
- It has the largest inventory of domestic hotels and has strong corporate relationships.
- The management team is experienced and holds a good record.
Risks Involved
It would be wise to take into account the risks involved as well. Here are the main risks involved with the company:
- The travel industry in India is highly competitive and Yatra Online Limited may not be able to keep up.
- The business remains exposed to Indian travel industry-specific risks such as restructurings, bankruptcies, consolidations and the creditworthiness of its partners.
- Yatra Online’s business is highly dependent on the airline ticketing business which generates a substantial portion of its revenue. Its business will suffer greatly if the airline ticketing business sees a fall.
Also Read: Risk of investing in IPO
Summary
Going through the RHP of Yatra Online Limited IPO is important to make a sound investment decision. But, if you don’t have time to do so, give this blog a quick read. You’ll get to know the required details.
